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World Bank approves $486 m credit to Nigerian power grid work

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World Bank has approved a 486 million dollars credit facility to Nigeria for electricity grid improvements, the lender said on Friday. “The investments under the...

Senate approves $350m World Bank loan for Ogun State Development Policy...

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The Senate at plenary on Thursday approved 350 million dollars World Bank loan for Ogun State Development Policy Operation (DPO) as contained in the...

World Bank denies disagreeing with Adeosun on foreign borrowings

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The World Bank Group, on Wednesday, denied that the bank disagreed with Minister of Finance, Kemi Adeosun, over the borrowings by the Nigerian government...

Mugabe donates $1 million to African Union

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Zimbabwean President Robert Mugabe said on Monday he was donating $1 million to the African Union (AU), hoping to set an example for African...

European Investment Bank, UBA agree €60million private sector investment programme

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The European Investment Bank and United Bank for Africa (UBA) have agreed a new 60 million euro lending programme to support private sector investment...

Ekiti denies dam tragedy victims were World Bank officials

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The Ekiti State Government has refuted media reports that the four persons who died during the week at Egbe Dam in Gbonyin Local Government...

Buhari travelling to Kenya for conference

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President Muhammadu Buhari will attend the Sixth Tokyo International Conference on African Development (TICAD VI) in Nairobi, Kenya from August 27-28, 2016. The summit, co-organised...

4 World Bank officials drown in Ekiti

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Four World Bank officials have drowned at Egbe Dam in Egbe Ekiti, Gbonyin Local Government Area of Ekiti State. Egbe Dam is the biggest of...

World Bank, Sokoto commit N8.8b for projects in 10 LGAs

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The World Bank and the Sokoto State Government will execute various projects in 10 local government areas of the state to the tune of...

Naira was strong until I was sacked in 1985 – Buhari

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President Muhammadu Buhari has said the naira was strong during his military regime but lost value after his removal from office in 1985. Buhari was...